Friday, 31 August 2012
Wednesday, 29 August 2012
Monday, 27 August 2012
Sunday, 26 August 2012
Thursday, 23 August 2012
I'm really undecided about gold at the moment but just wanted to point out we are overbought at resistance and are one year from the first of last year's double tops.So I think we pullback here but whether that provides a buying oppurtunity I don't know yet.I still think the 200 dma will cap rallies for a while
Wednesday, 22 August 2012
Tuesday, 21 August 2012
Good day for the bears with nice reversal candles and unconfirmed (in different markets) new highs but I'm not hanging out the bunting yet given the degree of manipulation in these markets...Jackson Hole coming up and "optimism" about a sidelined Bundesbank should prevent bears getting too aggressive straightaway,I suspect.Nevertheless a good start. I would like to see a decent black candle taking out 5800 on the FTSE tomorrow.Also watching FTSE for daily MACD cross
60 minute chart from Ron Walker
Quote from http://inter-market-analysis.com/
Friday, the SPY hit its 52 week high double top. The move up has been on the lightest trading volume in 5 years. This is very worrisome as large investors and institutions are obviously not buying at these levels. In addition, the volatility index is not making new lows like one would assume, telling us storm clouds are brewing on the horizon.
Bears woud probably be well-advised to wait for a signal on the chart below (Ron Walker)
Quote from http://inter-market-analysis.com/
Friday, the SPY hit its 52 week high double top. The move up has been on the lightest trading volume in 5 years. This is very worrisome as large investors and institutions are obviously not buying at these levels. In addition, the volatility index is not making new lows like one would assume, telling us storm clouds are brewing on the horizon.
Bears woud probably be well-advised to wait for a signal on the chart below (Ron Walker)
Monday, 20 August 2012
Saturday, 18 August 2012
Friday, 17 August 2012
Wednesday, 15 August 2012
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Gann 1266 x 9/8 = 1424